Tuesday, 16 April 2013

But sure, listen to the other idiots, Alex Jones et alii; take the advice from the very agents that promoted the housing bubble and then wait to see what happens next. There is no free meal, there are no fucking shortcuts. When will you learn, you idiots, GOLD is NOT SCARCE, IT WAS MADE LOOK LIKE IT WAS SCARCE.

Breaking news for you, goldfingers!(Reuters) - The price of gold bullion tumbled another $125 per ounce on Monday
in its biggest-ever daily loss, as investors liquidated bullish bets en masse
after months of disappointment over the performance of the precious
metal.
In percentage terms, Monday's 9 percent loss would be the biggest since 1983
and was almost double the loss on Friday. Commodities fell across the board, but few
as hard as gold, which hit a two-year low, and silver which plunged 11
percent.
Bullion's collapse caught many veteran investors, who see gold as portfolio
protection against inflation and other market risks, by surprise. Monday's drop
eclipsed the rout on January 22, 1980, a day after gold hit its then-record $850
on global panic over oil-led inflation due to Soviet intervention in Afghanistan and the Iranian revolution.
There have been no sudden changes in the macro economic argument for gold in
the last week, although numerous factors have kept gold from rising this year
while investments like U.S. stocks took off.
While last week's news that the Central bank of Cyprus might sell gold
reserves to finance its European
Union bank bailout did trigger a rush for the exits when bullion slid below the
pivotal $1,500 an ounce threshold, few saw it likely to usher in a round of
other official disposals.
"The pressure from proposed sale of Cyprus gold is one of the factors, and
once one of them start they all run from the hen house," said Robert Richardson,
senior account executive and trading officer at Canadian broker-dealer W.D.
Latimer Co. Ltd.
The big question is whether gold has entered a lasting bear market after 12
years of consecutive yearly gains. Gold hit the lowest price since February 2011
and has now almost halved its rally since the 2008 economic crisis, leaving the
metal around $550 below its record high of $1,920.30 set in September
2011.
It is down 30 percent from that high well in excess of the 20 percent
considered a bear market milestone.
Recent signs that Fed officials appeared to be nearing a decision to start
winding down their bond purchases to end stimulus contributed to the negative
tone for gold, even though inflation has failed to materialize as feared during
its rounds of post-financial crisis quantitative easing.
Spot gold dropped as low as $1,336.04 an ounce before recovering slightly to
$1,347.29 by 4:31 p.m. EST (1931 GMT), down 8.9 percent, its biggest single
percentage fall since 1983.
U.S. futures for
June delivery settled down $140.30 at $1,361.10. Trading volume hit a record
high exceeding 700,000 lots, almost quadruple the 30-day average, preliminary
Reuters data showed.
Gold recouped losses a bit when news of two explosions hit the Boston
Marathon late Monday afternoon, killing at least two people and injuring 23. The
metal, however, fell further in late trade.
The exodus from bullion hit broader commodity and financial markets. U.S. stocks posted their worst day since
November due in part to losses in commodity-related stocks. But Monday's selloff
in the Dow Jones industrial stock average came days after stock
indexes hit record highs.
Disappointing Chinese economic data earlier on Monday simply gave investors
another excuse to slash holdings as U.S. equities and other key industrial
commodities including oil and copper fell.
FUND LIQUIDATION WEIGHS
Liquidation came from all quarters, including exchange-traded funds,
speculators and even physical bullion owners in China and India,
the world's largest bullion markets, said David Govett, head of precious metals at Marex Spectron in
London.
"This is a market that has only got one thing on its mind ... get me out," he
said.
Plummeting prices took their toll on shares of gold mining companies, as
Canada's Barrick Gold Corp (ABX.TO), the world's biggest gold producer, slid 10
percent.
On Monday, hedge fund manager John Burbank, a long-time investor in gold,
said the recent sharp selloff in bullion came as a surprise to many investors as
some economic improvement and declining commodity prices took their toll.
Investors cut exposure to gold, with total holdings at the world's major
bullion gold-backed exchange-traded-funds falling to their lowest since early
2012.
Traders also cited liquidation by prominent hedge funds in gold exchange traded funds,
especially the SPDR Gold Trust (GLD.P), which was one of the most-active trading
U.S. stocks. The gold ETF posted a record monthly outflow in February.
Paulson & Co, run by billionaire financier John Paulson and by far the
biggest shareholder in SPDR Gold, told clients earlier this month its gold fund
suffered double-digit losses during the first quarter.
The reversal of yen carry trades, in which investors borrowed cheaply in the
Japanese currency to reinvest the money in higher yield assets, also led to some
gold selling as the yen rebounded from a four-year low against the dollar.
Jewelers in New York slashed prices and shoppers sought out potential
bargains.Retail investors scooped up gold coins at
lower prices, Ray Nessim, CEO of major U.S. coin dealer Manfra, Tordella &
Brookes told Reuters.
Among other precious metals, silver was down 11.8
percent to $22.81 an ounce. Palladium dropped 7.8 percent to $652.72, while
platinum was down 6 percent at $1,396.24, on the verge of entering a bear
market, or 20 percent off from its recent high set earlier this year. 4:31 PM
EST LAST/ NET PCT LOW HIGH CURRENT
SETTLE CHNG CHNG VOL US Gold JUN 1361.10-140.30 -9.3 1335.10 1495.00 657,904
US Silver MAY 23.361 -2.970 -11.3 22.535 26.045 192,837 US Plat JUL 1424.80
-71.10 -4.8 1397.10 1488.00 27,448 US Pall JUN 667.00 -42.10 -5.9 652.45 709.85
13,637
Gold 1347.29-131.06 -8.9 1338.26 1495.16 Silver 22.810 -3.040 -11.8 22.600
26.080 Platinum 1396.24 -88.76 -6.0 1400.50 1485.50 Palladium 652.72 -55.28 -7.8
655.77 704.00
TOTAL MARKET VOLUME 30-D ATM VOLATILITY
CURRENT 30D AVG 250D AVG CURRENT CHG US Gold 704,637 184,473 173,074 23.7
6.06 US Silver 227,619 45,433 52,451 25.97 5.30 US Platinum 27,819 15,029 11,876
19.53 5.21 US Palladium 13,690 4,727 5,261
(Additional report by Lewa Pardomuan and Manolo Serapio Jn in Singapore;
editing by Alden Bentley)

Thursday, 4 April 2013

A Universe made for and by men. Your subjective brain is preventing you from understanding a simple fact, the fact that dimensions are irrelevant; there is no big the same as there is no small. A computer can generate a quasi-infinite space which it will eventually populate with simulated living beings. Whether you believe that a mere human was able to trick you into this "Matrix" of deception, is also irrelevant. All complaints must be forwarded to your creator, the "Great" Wizard of Oz, the Big Brother, the All-Seeing Eye, Hashem, The Architect, and so on and so forth, for He is the one who devised you as a sheep and He did such thing purely for his own amusement. The joke is on you, matey!